currently there is a delay in delivery and also a delay in reimbursement. I got a message that basically says the founder and manager has had a severe accident and the cannot even say how project management is to deal with reimbursements or withg finishing projects they have begun. The say customers should wait until end of October for further notice.

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You are out there. You and your camera. You can shoot or not shoot as you please. Discover the world, Your world. Show it to us. Or we might never see it.

You might look into the possible liabilities of the crowdfunding platform, as there is probably more to grab than with netSE or it subsidiaries.

“Financial Crime: Recently issued by The Securities and Exchange Commission, Title III of the Jumpstart of Business Startups (JOBS) Act has established new regulations for crowdfunding platforms. In sum, crowdfunding platforms must exercise due diligence, monitor transactions, and implement anti-fraud measures on all businesses seeking to advertise for and receive funding through their website. Essentially, a crowdfunding platform can be exposed to risk in the event of any sort of financial crime.”

I don’t want to discourage you, but there is little chance that you recover your funds or the item ordered. Unless fraud is proven, it’s a normal business risk. And even with the former, difficult to recover funds where there are none.

"Is a creator legally obligated to fulfill the promises of their project?

Yes. Kickstarter's Terms of Use require creators to fulfill all rewards of their project or refund any backer whose reward they do not or cannot fulfill. (This is what creators see before they launch.) We crafted these terms to create a legal requirement for creators to follow through on their projects, and to give backers a recourse if they don't. We hope that backers will consider using this provision only in cases where they feel that a creator has not made a good faith effort to complete the project and fulfill"

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You are out there. You and your camera. You can shoot or not shoot as you please. Discover the world, Your world. Show it to us. Or we might never see it.

Yet: In the case of fraud the people responsible in the fraudulent company are personally responsible and liable with their private assets.Currently we have a case of "insolvency" and an attorney specialized on these cases has taken over the responsiblity. You can compare this to "Chapter 11" in the USA.

ONE possible outcome it that the company is bankrupt, meaning that the dept cannot be served by assets and income in the forseeable future.

ANOTHER possible outcome is restructuring and size reduction and continued production.

In case of "insolvency" the workers still come to work and work what is possible with the materials, rooms and other ressources left to them, which might well be all. The wages are partly paid by the social insurance to alleviate the burdon on the insolvent company a little.

In case of "bankruptcy" all assets are converted into money and the dept is paid following some complicated regulation. After that the company is gone, although brand names can be sellable assets, so: even if the company is gone the brand names and products can live on in other companies. Also the workers are not gone, they might even keep to work on similar projects under new ownership. In that case the probability that the new company will cater to the contracts of the old company is small though.

SO: keep you fingers crossed.

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You are out there. You and your camera. You can shoot or not shoot as you please. Discover the world, Your world. Show it to us. Or we might never see it.